Rutgers Athletics $265M in Debt: Governor says "Not Sustainable"

[Greene Rice FIG]

How is this a non story

 

[Pancho1939]

So the university is 265M in debt and the athletes think they make money for the school? Interesting.

 

[njcanesfan]

NJH,

How permanent is being in the B1G? How permanent is equal revenue distribution? How permanent are teams staying in B1G?

If B1G disbanded what type of revenue could we expect.

Doomsday mindset. Relax and enjoy. Rutgers will forever be in a good spot when it comes to big time conferences unless either NYC moves or RU moves. Not sure which one will happen first. Lol.

 

[Greene Rice FIG]

Doomsday mindset. Relax and enjoy. Rutgers will forever be in a good spot when it comes to big time conferences unless either NYC moves or RU moves. Not sure which one will happen first. Lol.

Certainly not doomsday.

change will be almost a given over the next 5 years with schools, conferences and media.

tough to adapt being a state school in a state that has tough decisions ahead with a 270 million pound weight attached.

revenue generation is an absolute must. These are 2 very important years for FB and MBB.

 

[RU-Choppin-Ohio]

Certainly not doomsday.

change will be almost a given over the next 5 years with schools, conferences and media.

tough to adapt being a state school in a state that has tough decisions ahead with a 270 million pound weight attached.

revenue generation is an absolute must. These are 2 very important years for FB and MBB.

Not a numbers guy are you ?

 

[Greene Rice FIG]

Not a numbers guy are you ?

I am a numbers guy. Doesn’t mean I don’t do the math right.

 

[ScarletDave]

The Rutgers athletics annual state-supported portion of the budget is roughly $2 Million. The population of NJ is $8.8 Million. So roughly 24¢ per person. The joke is when some clueless rival fan complains to you about Rutgers sports costing them their taxpayer money, throw a quarter at them and say “keep the change”

 

[Greene Rice FIG]

The Rutgers athletics annual state-supported portion of the budget is roughly $2 Million. The population of NJ is $8.8 Million. So roughly 24¢ per person. The joke is when some clueless rival fan complains to you about Rutgers sports costing them their taxpayer money, throw a quarter at them and say “keep the change”

A lot of people are not happy if 24 cents per person goes to Planned Parenthood.

How much food can $2,000,000 buy for people who count on food shelters?

I am playing devil’s advocate. I do think the state of NJ funding athletics can help the NJ economy.

My worries are about the future with changing dynamics and NIL hampering our ability to compete.

 

[Lawboy12007]

Seton Hall does not have a Medical School. It almost stupidly purchased a Medical School that it could not afford.

SEton Hall did have a Medical School in Jersey City which was bankrupting them. Then Governor Hughes bailed them out by purchasing the school and calling it UMDNJ. It was situated in what was then called Hague Hospital. The facilities were antiquated and highly inadequate. The entire facility was moved to Newark starting in the late 60s to early 70s and the old hospital was transformed into graduate school building with additional office space and a new hospital built as part of the school. Today it is part of the RWJ Barnabas System and still in Newark right off Bergen Street. Joining up with RWJ saved the state millions of dollars annually .

 

[MADHAT1]

SEton Hall did have a Medical School in Jersey City which was bankrupting them. Then Governor Hughes bailed them out by purchasing the school and calling it UMDNJ. It was situated in what was then called Hague Hospital. The facilities were antiquated and highly inadequate. The entire facility was moved to Newark starting in the late 60s to early 70s and the old hospital was transformed into graduate school building with additional office space and a new hospital built as part of the school. Today it is part of the RWJ Barnabas System and still in Newark right off Bergen Street. Joining up with RWJ saved the state millions of dollars annually .

On March 11, 2015, the New Jersey State Board of Medical Examiners granted conditional approval to open a new school of medicine called the Seton Hall - Hackensack Meridian School of Medicine, pending accreditation from the Liaison Committee on Medical Education (LCME). On June 5, 2015, SHU and HUHN, now known as Hackensack Meridian Health,[2] signed the definitive agreement that cemented their commitment to move forward with the formation of the school. In July 2015, SHU and HMHN filed as an applicant school with the LCME, and renewed that application in December 2016. On February 15, 2018, the school received its Preliminary Accreditation from the LCME.[3][4]

On February 24, 2016, Seton Hall University (SHU) and Hackensack UNH named Bonita F. Stanton, M.D., a nationally recognized expert on pediatric medicine, as the founding dean.[5][6] This was followed by the formation of the schools executive cabinet and board of governors.

Independence from Seton Hall​

By April 2018, SHU had pulled out of the partnership, as the investment was too substantial for the university to afford
https://en.wikipedia.org/wiki/Hackensack_Meridian_School_of_Medicine
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The University of Medicine and Dentistry of New Jersey (UMDNJ) was a state-run health sciences institution of New Jersey, United States.

It was founded as the Seton Hall College of Medicine and Dentistry in 1954, and by the 1980s was both a major school of health sciences, and a major research university. On July 1, 2013 it was dissolved, with most of its schools merging with Rutgers University to form a new Rutgers School of Biomedical and Health Sciences,[2] while the School of Osteopathic Medicine, including its Graduate School of Biomedical Sciences, became part of Rowan University and was renamed the Rowan University School of Osteopathic Medicine.


https://en.wikipedia.org/wiki/University_of_Medicine_and_Dentistry_of_New_Jersey

( Lawboy and my reply was because of what Batts posted")
batts said:

Seton Hall does not have a Medical School. It almost stupidly purchased a Medical School that it could not afford.